11-month index of industrial production rises 10.1 percent
Vietnam’s Index of Industrial Production (IIP) expanded 10.1 percent year-on-year in the first 11 months of 2018, according to the General Statistics Office (GSO).
Hanoi (VNA) - Vietnam’s Index of Industrial Production (IIP) expanded10.1 percent year-on-year in the first 11 months of 2018, according to theGeneral Statistics Office (GSO).
The central coastalprovince of Ha Tinh led the nation with IIP growth of 93.2 percent in theJanuary-November period. The result was mainly thanks to the Hung Nghiep Formosa Ha Tinh Steel Company.
Meanwhile, Nghi Son oil refinery helped the central province of Thanh Hoa holdsecond position, with its IIP rising by 33.6 percent.
The capital city of Hanoi andHo Chi Minh City reported IIP rises of 7.4 percent and 8 percent, respectively.
In November alone, the IIPincreased 9.6 percent compared to the same period last year.
The processing andmanufacturing sector reported the highest growth at 11 percent, followed by theelectricity production and distribution, and the water supply and waste-sewagetreatment sectors with 9.2 percent and 4.5 percent, respectively.
Notably, after a period of decline, the mining sector regained its growthmomentum by 0.2 percent this month, the GSO said.
The IIP in the groups of private and foreign-invested enterprises respectivelyincreased by 4.1 percent, and 3.4 percent. Meanwhile the State-owned sector reporteda decrease of 0.9 percent in the month.-VNA
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Illustrative image (Source: VNA) 
